case Project Winter $2024$

Appendix IV Unadjusted Trial Balance

Westcorp Unadjusted Trial Balance As at September $30,2023$

Cash

Short$-$term investments at FV$-$OCI

Accounts receivable

Accounts receivable $-$ Renovation

Note receivable

Allowance for doubtful accounts

Allowance for doubtful accounts $-$ Renovation Inventory

Prepaid expenses

Equipment

Accumulated depreciation $-$ Equipment

Equipment $-$ Renovation

Accumulated depreciation $-$ Equipment $-$ Renovation Building

Accumulated depreciation $-$ Building

Land

Accounts payable

Interest payable

Taxes payable

Dividends payable

Unearned revenue

Long$-$term debt

Common shares

Preferred shares

Opening accumulated OCI

Opening retained earnings

Dividends

$5,218,520534,0105,979,600177,05042,955$

$(93,000)$

$(17,000)319,500$

$-2,050,590$

$(1,138,657)97,895$

$(43,770)1,963,000$

$(68,730)430,000$

$(1,487,500)-$

$-(55,000)$

$-(2,568,000)$

$(500,000)(750,000)(16,200)(9,388,241)$

$55,000$

Note $1$

Note $2$

$$ Graham Moir, $2023$

BUAD $263$ Case Project Winter $2024$

Appendix IV $($Cont$.)$ Unadjusted Trial Balance

Westcorp Unadjusted Trial Balance $-$ Continued As at September $30,2023$

Revenue

Revenue $-$ Renovation

Investment income $-$ OCI

Gain $($loss$)$ on disposal

Interest revenue

Cost of goods sold

Cost of goods sold $-$ Renovation Salaries and wages

Salaries and wages $-$ Renovation Insurance

Insurance $-$ Renovation

Interest expense

Rent

Bad debts $($recovery$)$

Depreciation

Depreciation $-$ Renovation

Repairs and maintenance

Repairs and maintenance $-$ Renovation Professional fees

Office expense

Office expense $-$ Renovation

Other operating expenses

Tax expense $-$ Construction

Tax expense $-$ Renovation

Tax expense $-$ OCI

$(19,632,425)(3,078,475)(4,200)$

$-$

$-13,886,3721,941,5783,985,198889,112212,50021,500$

$-125,000$

$-341,523$

$25,61979,14717,31358,735$

$162,8003,600223,081$

$---$

Note $1-$ On October $1,202230,000$ common shares were issued for $$10$ each to management team members. On September $30,2023,$ a total of $160,000$ shares were outstanding.

Note $2-$ Dividends declared on preferred shares.